These General Terms and Conditions (“the Terms”) apply to the FF Forest portal at the website: https://ff-forest.com/en, further referred to as “the Portal,” “FF Forest,” “we,” “us,” and/or “our(s).”
For clarity, these Terms form a binding agreement between You and the Operator.
In these Terms, any user of the Portal, including employees, agents, affiliates, owners, partners, or any other entity related to such user, whether registered or considering registration, is addressed as “You” or “Your” concerning personal rights and liabilities, and as “user(s)” in a general context.
By utilizing the Portal, You confirm that You have read, understood, and explicitly agree to abide by these Terms. If you disagree, kindly refrain from using the Portal.
FF Forest reserves the right, at its sole discretion, to modify, add, or remove portions of these Terms at any time. It is Your responsibility to review these Terms for changes periodically. Continued use of the Portal after changes are posted indicates Your acceptance of and agreement to the modified Terms.
As long as You adhere to these Terms, FF Forest grants You a personal, non-exclusive, non-transferable, and limited privilege to access and use the Portal solely for its intended purposes and in accordance with applicable law.
The Operator operates the Portal where the User can opt to issue loans to SIA FF Forest or a company fully owned by SIA FF Forest, as well as to monitor and manage already issued loan(s).
For more information about the Operator, contact support@ff-forest.com.
By registering on the Portal and accepting these Terms, You enter into a legally binding agreement with the Operator. Only registered users are entitled to issue loans to SIA FF Forest.
When using the Portal, You confirm that you:
Do not register if you are a resident of a jurisdiction where the Operator is unauthorized to provide services or if your use of services is deemed illegal. You are responsible for ensuring that Your access and use are lawful in Your jurisdiction. The Operator may refuse, restrict, or terminate access where provision of services would be unlawful.
To activate your account, You must undergo the Know Your Customer (KYC) procedure as per SIA FF Forest Anti-Money Laundering (AML) policy. The Operator may request ongoing KYC/AML reviews and additional documentation at any time.
Your unique ID number, assigned upon registration, is the primary identification for use of the Portal. You must keep Your login credentials secure and not share them with third parties.
The Operator processes your data as defined in the Privacy Policy available on the Portal. By accepting the Terms, You consent to this data processing.
Personal data processing purposes include record-keeping, service provision, financial and statistical analysis, and rights protection. Processing may also include fraud prevention and compliance with legal obligations.
KYC data may be shared with third parties in compliance with applicable regulations. Data transfers may involve service providers and cross-border transfers subject to appropriate safeguards.
Identification is performed in accordance to the Operator's internal control system and AML policy.
You authorize us to verify your identity and use credit reports or third-party information.
Provide true, accurate, and up-to-date information. Notify us promptly of any changes. Failure to do so may result in suspension or termination of Your Account.
You undertake not to engage in illicit conduct, provide accurate information, use secure means for electronic communications, and promptly update changes. You must not interfere with or attempt to gain unauthorized access to the Portal, its systems, or other users' accounts.
False information may result in service termination.
Corporate customer may access the Portal through an individual serving as their legal representative, who must be registered as a User on the Portal.
Portal's information is not an offer or invitation to purchase investment-related advice, products, or services, nor is it directed at jurisdictions or individuals where such offers are unlawful. Users access the Portal voluntarily, at their own risk, and must comply with all applicable laws and regulations.
Users are responsible for assessing the suitability and risks of transactions on the Portal and should consult specialized advisors if needed. FF Forest as borrower or acting as the Operator does not provide banking, payment, investment, legal, tax, or accounting advice.
The Operator aims to keep the Portal operational, accessible, and secure. However, availability is not guaranteed, and maintenance or outages may occur.
The Operator is not liable for taxes resulting from your transactions. Additional services are subject to these Terms.
The Operator shall not be held liable for any loss or damage incurred by the User as a result of the Website or Portal being inaccessible at any time or for any reason.
The Operator reserves the right to modify the Portal at any time, including adding, altering, or removing features, at its sole discretion, without seeking the User's consent or providing prior notice. Additionally, the Operator may, at its discretion, discontinue the operation of the Portal at any time. Where legally required, the Operator will provide notice of material changes.
The Operator is not responsible for the accuracy or completeness of information provided by third parties if it is shared on the Portal in its original form as received. Users who identify incorrect information on the Portal are required to notify the Operator promptly.
Loan status statements are available at Portal.
Notify us of any discrepancies within 30 days of statement availability. If You do not notify within this period, the statement will be deemed accepted, except in case of manifest error or fraud.
You are solely responsible to determine and comply with applicable taxes related to your transactions.
Your account is non-transferable. Transfers require verification of the new user. Any purported transfer without the Operator's prior written consent is void.
Unauthorized Portal use is prohibited. You must notify the Operator immediately of suspected unauthorized access.
The Operator may unilateral change, amend (including fully replace) these Terms without notice, by posting an updated version on the Portal. Continued use implies Your acceptance of the Agreement as amended.
The Operator may restrict, terminate, or delete your account for various reasons, including breach of these Terms, regulatory requirements, risk management, fraud prevention, or inactivity.
To terminate, notify the Operator three business days in advance.
No fiduciary relationship is established.
Consider risks carefully. Loans may involve loss of capital, illiquidity, and regulatory risks. Past performance does not guarantee future results.
The Portal is provided “as is” without warranties of any kind, whether express or implied, including without limitation warranties of merchantability, fitness for a particular purpose, and non-infringement, to the maximum extent permitted by law.
The Operator is not liable for indirect or consequential damages, and You agree to indemnify the Operator and its affiliates, officers, directors, and employees from and against claims arising out of Your breach of these Terms or applicable law.
We may charge expenses related to legal procedures.
The Agreement is effective upon your account creation in Portal.
Terms are binding until account deletion and product commitments fulfilment. Certain provisions by their nature survive termination (e.g., liability, indemnity, data retention as required by law).
English versions of the Terms prevail in case of translation discrepancies.
Legal notices may be published on the Portal without additional notification. Notices may also be sent to Your registered email. Notices are deemed delivered when posted on the Portal or sent to Your email, as applicable.
All content on the Portal (including trademarks, logos, text, software, and designs) is owned by FF Forest or its licensors. You receive no rights other than the limited license in these Terms.
You must implement reasonable security on Your devices. The Operator uses reasonable technical and organizational measures but cannot guarantee absolute security.
The Operator may assign or transfer its rights and obligations under these Terms. You may not assign without the Operator's prior written consent.
These Terms shall be governed by the laws of the Republic of Latvia.
The Parties settle the disagreements and disputes arising from fulfilling the Agreement first and foremost by negotiations. If settling disagreements by negotiations is impossible, a dispute is settled in the competent court of the Republic of Latvia.
12.11.2025
1.1 Agreement – these General Terms of the Loan Agreement and the Special Terms of the Loan Agreement.
1.2 Borrower - SIA FF Forest, registration No. 40203653718, Sarlotes street 18A - 3, Riga, LV-1001, Latvia.
1.3 Business Day - a day (other than Saturday, Sunday, or public holiday) on which banks are open for business in the Borrower's jurisdiction.
1.4 Early Repayment Date 1 – early repayment of the Loan before the Maturity Date, as specified in Clause 1.3 of the Special Terms of the Agreement.
1.5 Early Repayment Date 2 – early repayment of the Loan before the Maturity Date, as specified in Clause 1.4 of the Special Terms of the Agreement.
1.6 Interest – as defined (amount) in the Special Terms of the Agreement.
1.7 Lender – as defined in the Special Terms of the Agreement.
1.8 Loan – as defined in the Special Terms of the Agreement.
1.9 Maturity Date – the date by which the outstanding principal of the Loan together with accrued Interest has to be paid, as specified in Clause 1.2 of the Special Terms of the Agreement.
1.10 Portal - The FF Forest website: https://ff-forest.com and any subpages, subdomains, and mobile interfaces controlled by the Borrower.
1.11 Project - as defined in the Special Terms of the Agreement.
2.1 Subject to the terms and conditions of this Agreement, the Lender issues to the Borrower the Loan in the amount described in Clause 1.1. of the Special Terms of the Agreement.
2.2 The Borrower uses the Loan for the Loan purpose as defined in the Special Terms of the Agreement. The Borrower is prohibited from using the Loan for any other purpose.
3.1 The Loan is disbursed to the Borrower by the Lender as of the moment the Loan is transferred to the Lender's account indicated in the Portal.
3.2 Either Party may unilaterally terminate this Agreement by submitting the notification via Portal within 5 calendar days as of the moment the Loan is transferred to the Borrower's account in accordance with Clause 3.1 of the General Terms of the Agreement and provided that the Borrower has not already used the Loan for the Loan purpose. Upon such termination the Borrower shall repay the outstanding principal of the Loan together with accrued Interest to the Lender's account indicated in the Portal within 10 calendar days from the termination date.
4.1 Interest on the outstanding principal of the Loan shall accrue at the Interest rate specified in the Special Terms of the Agreement from and including the day the Loan is transferred to the Lender's account in accordance with Clause 3.1 of the General Terms of the Agreement, but excluding the date the principal is paid in full.
4.2 The accrued Interest is calculated daily and it is paid by the Lender to the Borrower upon the relevant Borrower's request in the Portal or, if the Lender has not received such request, then in accordance with Clause 5.1, 5.2 or 5.3. of the General Terms of the Agreement, as applicable.
4.3 If the Interest payment date is not a Business Day, payment shall be made on the next Business Day without additional Interest for the deferral.
5.1 The Lender is entitled to request early Loan repayment before the Maturity Date on Early Repayment Date 1 or Early Repayment Date 2 by giving the Borrower at least 30 calendar days' prior notice via Portal. Upon such notice, the Borrower shall repay the outstanding principal of the Loan together with the applicable Reduced Interest in amount as stated in the Special Terms of the Agreement (instead of the Interest) no later than 14 calendar days after the relevant Early Redemption Date.
5.2 The Borrower has the right unilaterally at any time before the Maturity Date to repay the Loan partially or in full by notifying the Lender via the Portal. Any prepayment shall be accompanied by accrued Interest on the prepaid principal up to (but excluding) the prepayment date.
5.3 Provided no event referred to in Clause 5.1 of 5.2 of the General Terms of the Agreement has occurred and is continuing, the Borrower shall repay the outstanding principal of the Loan together with accrued Interest on the Maturity Date.
5.4 If the Borrower repays the amount partly, then first the Interest is covered and then the Loan.
6.1 The Borrower shall pay all amounts due under this Agreement (including principal of the Loan and Interest) by wire transfer to the Lender's account indicated in the Portal. A payment is deemed made when credited to the Lender's account.
6.2 If, in accordance to applicable law, a transfer to relevant account is not allowed, or there are technical problems (incorrect account number) to transfer the funds to the Lender, the Borrower may postpone payment and no Interest, statutory interest or other penalties shall accrue solely as a result of the delay caused by the obstacle described in this Clause. In such case the Borrower requests the Lender (via Portal) to indicate new or corrected account number and the Borrower immediately notifies the Lender about new account or correct account.
7.1 Each Party hereby represents and warrants to the other Party, as of the date this Agreement is entered into and throughout its term, that:
7.1.1 all information disclosed by relevant party via the Portal is true and correct;
7.1.2 each Party has read and understood all terms of this Agreement before the conclusion of this Agreement, and undertakes to perform the relevant obligations in accordance with those terms;
7.1.3 each Party has full legal capacity and authority to conclude the Agreement and to perform its obligations hereunder, and this Agreement constitutes its valid and binding obligation, enforceable against it in accordance with its terms;
7.1.4 its entry into and performance of this Agreement do not conflict with any law or binding contract, and all required consents have been obtained;
7.1.5 it is duly organized, validly existing, and in good standing under the laws of its jurisdiction.
7.2 The Borrower undertakes the following:
7.2.1 to ensure that its obligations under the Agreement rank at least equally with all its current and future unsecured and unsubordinated financial debts, except for any obligations that are mandatorily preferred by law;
7.2.2 at the request of the Lender via Portal (that the Lender is entitled to request maximum twice in year) to provide to the Lender via Portal information about the status of the Project and financial data of both the Borrower and Project;
7.2.3 inform the Lender about occurrence of any events that, in the Borrower's opinion, may materially influence the Borrower's ability to fulfil payment obligations arising from the Agreement at least within 10 calendar business days from the occurrence of such event.
8.1 Without prejudice to other provisions of the Agreement, the Lender is entitled unilaterally to terminate the Agreement and to demand immediate prepayment of all outstanding principal of the Loan and the Interest payment, if any of the following events occur:
8.1.1 the Borrower fails to pay any amount due under the Agreement on its due date and such failure continues for 180 days after the due date (unless event stated in Clause 6.2 of the General Terms of the Agreement has occurred);
8.1.2 the Borrower has not used the Loan for the Project;
8.1.3 the Borrower is liquidated or the Borrower is declared insolvent by the court.
8.2 Upon termination under Clause 8.1 of the General Terms of the Agreement, the Borrower shall immediately repay the outstanding principal together with all accrued (but unpaid) Interest and any other amounts due under this Agreement. Interest shall continue to accrue on overdue amounts until paid in full in accordance with this Agreement.
9.1 The Agreement and information concerning its contents and fulfilment and information exchanged between the Parties based on the Agreement is considered confidential and not subject to disclosure to third parties. The confidentiality requirement does not apply to disclosing information to the Parties' auditors, professional legal advisers, credit and financing institutions or other institutions providing financial services to relevant Party, and disclosure of information to the Borrower's shareholders or otherwise as regulated by mandatory applicable laws.
9.2 Laws of the Republic of Latvia apply to this Agreement.
9.3 The Parties settle the disagreements and disputes arising from fulfilling the Agreement first and foremost by negotiations. If settling disagreements by negotiations is impossible, a dispute is settled in the competent court of the Republic of Latvia.
9.4 Amendments and supplementations to the Agreement enter into force when the parties confirm them in a format that can be reproduced in writing or if confirmed by the both parties in the Portal. However, the Borrower is entitled unilaterally to amend the General Terms of the Agreement (not Special Terms of the Agreement), except Termination Section and provided that these amendments do not materially negatively impact the Lender's position. In such case the Borrower notifies the Lender about the amendments at least 30 (thirty) calendar days before the relevant amendments become effective and the Lender is entitled unilaterally to terminate the Agreement and to request immediate Loan and accrued Interest payment. In such case the Borrower repays the Loan and the Interest within 10 calendar days as of the relevant Lender's notification.
9.5 Notices related to the Agreement are made in English at least in a format that can be reproduced in writing and are sent:
9.5.1 through the Portal.
9.6 A Party informs the other Party of the change in their contact data available in the Portal no later than within 5 calendar days. Updating relevant data in the Portal will be considered sufficient notice of the contact change.
9.7 The Agreement enters into force between the Borrower and Lender as of the moment the Borrower has accepted the Agreement in the Portal and the Lender has received the Loan in accordance to Clause 3.1 of the General Terms of the Agreement. The Agreement is in force until the Borrower has performed any payment obligations undertaken with the Agreement to the Lender, or upon early termination of the Agreement in cases stated in the Agreement.
9.8 Terms in capital letters, not defined in these General Terms of the Agreement, have the same meaning as defined in the Special Terms of the Agreement.
9.9 The Agreement consists of General Terms of the Agreement and Special Terms of the Agreement. In case of conflict, the provisions of the Special Terms of the Agreement prevail over the provisions of the General Terms of the Agreement.